| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $473M | $446M | $379M | 6.0% | 24.6% |
| Op. Income | $78M | $76M | $61M | 2.8% | 27.8% |
| Gross Margin | 32.9% | 30.5% | 32.3% | 2.4pp | 0.6pp |
| Net Margin | 9.8% | 9.9% | 8.9% | -0.2pp | 0.9pp |
| EPS (Diluted) | $0.35 | $0.33 | $0.25 | 6.1% | 40.0% |
| Free Cash Flow | $84M | $110M | $9M | -23.5% | 834.4% |
| Item | Amount |
|---|---|
| REVENUE | $473M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | $12M |
| Operating Expenses | $77M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $13M |
| EBIT | $78M |
| EBITDA | $91M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $473M |
| Cost of Revenue | $317M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $65M |
| Other Expenses | $12M |
| Operating Expenses | $77M |
| Cost & Expenses | $395M |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $13M |
| EBIT | $78M |
| EBITDA | $91M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $200.0K |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$800.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$800.0K |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $84M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $168M |
| Inventory | $194M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $424M |
| PP&E (Net) | $16M |
| Goodwill | $66M |
| Intangible Assets | $177M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $267M |
| TOTAL ASSETS | $692M |
| Account Payables | $85M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $150M |
| Long-Term Debt | $857M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $400.0K |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $865M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $19M |
| Retained Earnings | -$190M |
| Treasury Stock | -$151M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$324M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$324M |
| TOTAL LIABILITIES & EQUITY | $692M |
| Total Debt | $865M |
| Net Debt | $817M |
